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Experiencing rapid growth, WorldWide Papa’s rewards its long serving employees
LONDON – February 1, 2012-- WorldWide Papa’s, Plc (FSE: 1PJ.F), the exclusive area developer of Papa John’s International, Inc. restaurants in St. Petersburg and the Leningrad region of Russia, announces that 21 WWP local employees have been given the Five-Year Service Award for their valuable and dedicated contributions to WorldWide Papa’s success.
WorldWide Papa’s was built on a foundation of teamwork and has maintained a strong core of the original employees that launched the brand in St Petersburg seven years ago. WorldWide Papa’s has proven its commitment to the region as well as its people and will continue to provide stability and new life as it brings fresh jobs to the area with its expansion to 40 stores by 2015.
“The strong WorldWide Papa’s corporate culture is the foundation that has resulted in unusually high employee retention, with these 21 recognized employees representing only a part of the WorldWide Papa’s family. We were incredibly lucky to find great people when we started and with the rapid growth we’ve experienced in the last five years, it was important to recognize some of the employees who have been with us since the company’s infancy,” said Darrin Stock, CEO and Founder of WorldWide Papa’s. “These employees have shown a real commitment to the growth of WorldWide Papa’s and each of them will play a vital role in successfully getting to our goal of 40 stores by 2015.”
WorldWide Papa’s currently has seven stores in operation, with plans to expand to 10 by the end of the third quarter.
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After expanding to seven stores, World Wide Papa’s begins development of a second Quality Control Center in Russia
LONDON – January 25, 2012 – WorldWide Papa’s, Plc (FSE: 1PJ.F), the exclusive area developer of Papa John’s International, Inc. restaurants in St. Petersburg and the Leningrad region of Russia, has announced plans to develop its second Quality Control Center (QCC) in the territory.
The addition of a second QCC, which is slated to open in 2012, will increase WorldWide Papa’s pizza dough manufacturing capacity and manage the rapid growth and increased demand WorldWide Papa’s has experienced. The addition of a significantly larger second QCC will more than quadruple WorldWide Papa’s pizza dough manufacturing capacity and play a critical role in the aggressive growth plans of the company. Located in the center of the city as opposed to the southwest quadrant, the second QCC will dramatically reduce the overall delivery costs of raw materials to stores as WorldWide Papa’s continues its rapid growth within St. Petersburg.
“With the business nearly doubling in size in the last year alone, the opening of a second QCC in the region is an essential piece in meeting our goal of opening 40 stores by 2015,” said Darrin Stock, CEO and Founder of WorldWide Papa’s. “The proprietary Papa John’s pizza dough plays an integral role in the consumer experience and the addition of a second QCC will ensure uninterrupted supply and ultimately facilitate the rapid growth of our brand throughout the region.”
WorldWide Papa’s first QCC was one of the only international facilities to be honored with a “superior score” by Papa John’s International quality assurance. Following the model created in the first facility, WorldWide Papa’s will continue to set the highest standards for its newest QCC.
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Steven G. Kendall named as Worldwide Papa’s Chief Operating Officer and Vice President of Finance
WorldWide Papa’s, Plc (FSE: 1PJ.F), the exclusive area developer of Papa John’s International, Inc. restaurants in St. Petersburg and the Leningrad region of Russia, announces the appointment of Steven G. Kendall as its new Chief Operating Officer and Vice President of Finance. In this capacity Mr. Kendall will have responsibility for all financial results, corporate operations and the business development strategies of the company.
Mr. Kendall, who has done business in Russia since 1994, has broad-based financial experience and joins WorldWide Papa’s from Yum! Brands (NYSE: YUM), the world’s largest restaurant company. While at Yum! Mr. Kendall was the company’s in-country representative during its acquisition of the Rostik’s-KFC chain in 2010 from Rosinter Restaurants Holding (RTS: ROST), Russia’s largest restaurant company. During that period, Mr. Kendall led the financial planning function of the business unit and served as the Interim Controller of this 150+ restaurant chain during the critical post-acquisition integration period. While in Russia, he worked with internal accounting staff, Rosinter, and Ernst & Young to complete a review of Rostik's financial results prior to deal close which determined the valuation. Post acquisition, he developed and implemented the division's new authorization policy and procedures covering all business contracts and Rostik's tender process. Prior to joining Yum!, Mr. Kendall spent 14 years at companies such as Fisher Scientific and FMC corporations in roles of increasing responsibility, including Director of Finance and Controller. He is fluent in Russian and is a native of the Ukraine.
"We are extremely fortunate to bring an executive with Steve's depth of financial experience and international business expertise to our senior executive team," said Darrin J. Stock, Founder and Chief Executive Officer of Worldwide Papa’s. "Steve is as passionate about growing the business as our operations team in Russia. In Steve we have found someone who is not only fluent in Russian and knowledgeable of local cultures, but also someone with a proven track record in finance and international business within the Russian restaurant industry."
Mr. Kendall said, "I am thrilled to join the management team at WorldWide Papa’s on the cusp of this exciting, rapid growth period for the company. With my extensive background in the Russian market and with a rapidly growing St. Petersburg economy, I am confident that the proven premium Papa John’s brand will make 2012 another breakthrough year for the company."
Mr. Kendall holds a bachelor's degree in International Relations from Northwestern University and a master's degree in business administration from Duke University’s Fuqua School of Business.
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Exclusive Area Developer of Papa John's Pizza Restaurants in St. Petersburg Reaches Six Year Anniversary in Marketplace
LONDON - December 29, 2011 -- WorldWide Papa's, Plc (FSE: 1PJ.F), the exclusive area developer of Papa John's International, Inc. restaurants in St. Petersburg and the Leningrad region of Russia, announces its six-year anniversary in operations and a record-breaking month in net sales for its highest-yielding restaurant.
'Having opened our first restaurant in September 2005, we've become ever more confident in the type of experience the St. Petersburg population expects and appreciates, and our delivery of this experience is proven in not only the continued demand of our pizza but also in our second restaurant location reaching a record-breaking month in terms of net sales,' said Darrin Stock, CEO and Founder of WorldWide Papa's. 'As we celebrate our anniversary and this achievement, we recognize the investment our team has put in over the past six years and commit to driving the brand of 'Better Ingredients. Better Pizza' deeper into St. Petersburg and the greater Leningrad region.'
In addition to marking its six-year anniversary, the Company's Restaurant No. 2 location grossed its highest-yielding month in net sales since opening in 2006. Far surpassing any of the other existing restaurant locations in St. Petersburg, Restaurant No. 2, the 'GA' location, brought in more than EUR161,000 EUR (5 million RUB) in net sales in a single month, and is currently recognized as the one of the top-performing Papa John's restaurants in the world.
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MarketWatch reports that Yum Brands Inc.'s (NYSE:YUM) international focus has more than made up for its recent slippage in the U.S., but the fast-food company says its global earnings growth is only just beginning.
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| | | WorldWide_Papas_Announces_Q1__2_Results WorldWide Papa’s, Plc (FSE: “1PJ.F”), the exclusive developer of Papa John’s International, Inc. (NASDAQ: “PZZA”) restaurants for St. Petersburg, Russia and the Leningrad region, announced first and second quarter same store sales results that soar 33 percent higher than Q1 of 2010 and more than 18 percent higher in Q2, respectively. | |
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| | The Russian restaurant company WorldWide Papa’s Plc recently raised $14.5 million on the Frankfurt Stock Exchange. The franchisees of the American company Papa John’s operate in St. Petersburg and consist of only four pizzerias. Upbeat about the Russian market, the owners of the chain, using the money garnered in the IPO, are planning to open 40 new stores in the next four years.
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| | The St. Petersburg Times – in Russia, not Florida – is reporting that a Papa John’s International Inc. franchisee is planning to open as many as 200 restaurants in and around Russia’s second-largest city.
WorldWide Papa’s is the exclusive regional developer for Louisville-based Papa John’s pizza restaurants, according to the story.
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| | WorldWide Papa's Plc. is now listed on the Deutsche Böerse - Frankfurt Open Market (FSE) under the stock symbol "1PJ.F."
The primary motivation in WorldWide Papa's Plc. listing on the FSE is to introduce the company to new investors and raise additional capital to fuel expansion in St. Petersburg. The company has the near-term goal of growing the number of restaurants from four to 40 in the St. Petersburg and Leningrad region, accelerated by the public listing on the FSE.
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| | | WWP_Press_ADIndex1 WorldWide Papa's Plc. lists on the Frankfurt Stock Exchange, February 14, 2011. The sole franchisee of Papa John's, Inc. Restaurants and delivery service for St. Petersburg and the Leningrad Region in Russia, is listed as PJ.F. | |
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| | | WWP_Press_ApehdaRedo WorldWide Papa's Plc. lists on the Frankfurt Stock Exchange, February 14, 2011. The sole franchisee of Papa John's, Inc. Restaurants and delivery service for St Petersburg and the Leningrad Region in Russia, is listed as 1PJ.F. | |
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| | | WWP_Press_Bectn WorldWide Papa's Plc. lists on the Frankfurt Stock Exchange, February 14, 2011. The sole franchisee of Papa John's, Inc. Restaurants and delivery service for St Petersburg and the Leningrad Region in Russia, is listed as 1PJ.F. | |
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| | | WWP_Press_CityAM The Russian franchise of Papa John's, the global pizza chain, has snubbed London to list on the Frankfurt Stock Exchange. | |
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| | | WWP_Press_DerAktionar WorldWide Papa's Plc. lists on the Frankfurt Stock Exchange, February 14, 2011. The sole franchisee of Papa John's, Inc. Restaurants and delivery service for St Petersburg and the Leningrad Region in Russia, is listed as 1PJ.F. | |
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| | | WWP_Press_DGAPMedientreff WorldWide Papa's Plc. lists on the Frankfurt Stock Exchange, February 14, 2011. The sole franchisee of Papa John's, Inc. Restaurants and delivery service for St Petersburg and the Leningrad Region in Russia, is listed as 1PJ.F. | |
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| | | WWP_Press_DowJones WorldWide Papa's Plc. lists on the Frankfurt Stock Exchange, February 14, 2011. The sole franchisee of Papa John's, Inc. Restaurants and delivery service for St Petersburg and the Leningrad Region in Russia, is listed as 1PJ.F. | |
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| | | WWP_Press_Dpru WorldWide Papa's Plc. lists on the Frankfurt Stock Exchange, February 14, 2011. The sole franchisee of Papa John's, Inc. Restaurants and delivery service for St Petersburg and the Leningrad Region in Russia, is listed as 1PJ.F. | |
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| | | WWP_Press_Finanzen WorldWide Papa's Plc. lists on the Frankfurt Stock Exchange, February 14, 2011. The sole franchisee of Papa John's, Inc. Restaurants and delivery service for St Petersburg and the Leningrad Region in Russia, is listed as 1PJ.F. | |
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| | | WWP_Press_FinanzNachrichtende WorldWide Papa's Plc. lists on the Frankfurt Stock Exchange, February 14, 2011. The sole franchisee of Papa John's, Inc. Restaurants and delivery service for St Petersburg and the Leningrad Region in Russia, is listed as 1PJ.F. | |
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| | Papa John's pizza ranked top choice in taste test.
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| | Papa John's stock closed at $31.71, its 52-week high. PZZA closed at $30.25 the previous week. The company traded at a 52-week low of $22.78 in July 2010. | |
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| | Papa John's International Inc. has announced the resignation of J. Jude Thompson as president, co-chief executive officer and member of the board of directors. | |
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| | | WWP_StPete_DonationAlert WorldWide Papa’s, Inc., the exclusive area developer of Papa John’s, Inc. restaurants in St. Petersburg and the Leningrad region of Russia, has announced its participation in the U.S. Independence Day Celebration in St. Petersburg, held July 7, 2010. | |
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| | | Dunkin_Donuts_in_Russia_ The Moscow Times reports that U.S.-based Dunkin' Donuts opened its first new location in Moscow on May 11 and recently announced rapid expansion plans into Russia. After a three-year period in Russia in the 1990s, the company closed its locations after a big hit during the 1998 crisis. With greater receptiveness to international brands and a more adaptable market environment, Dunkin’ Donuts has committed to adding to the current 3,000 international locations and has an acute focus on Russia as its next step in its European strategy. | |
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| | | East_Meets_West A brief history and background on WorldWide Papa’s and Gary Hamilton’s involvement as co-founder of the company, this article showcases the Papa John’s presence in St. Petersburg and the opportunity for its growth in Russia. | |
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| | HSBC pursues "aggressive" Russian growth
By Robin Paxton and Dmitry Sergeyev
MOSCOW (Reuters) - HSBC , Europe's biggest bank, will be "aggressive" in opening new Russian branches after launching its retail business in the country three months ago but has no firm plans for acquisitions, its country head said.
Stuart Lawson, chief executive of HSBC Russia, said it was difficult to value banks during an economic downturn that has pushed Russia into its first recession in a decade.
"On the organic side, I'd say that we'll be aggressive. On acquisitions never say 'never' but there's nothing on the desk at the moment," Lawson told the Reuters Russia Investment Summit on Monday. HSBC has this year opened four retail branches in Moscow and one in St Petersburg, Russia's second city. Lawson gave no details about how many branches HSBC planned to open in Russia but said its first operations had exceeded targets.
"If you're starting a bank from scratch and you're going for organic growth you can determine those customers that you're interested in and you can grow against those segments."
HSBC registered its local unit in Russia with a charter capital of 6.9 billion roubles (135 million pounds) in 2008 and has not disclosed its investment plans for Russia so far.
"We've had good response with fairly limited marketing. Over the next period we will up that so that the brand becomes more visible and we will no doubt be adding some branches," he said.
DIFFICULT VALUATIONS
Acquisitions in the Russian banking sector were difficult to assess, Lawson said, as the financial crisis has made it difficult to put a value on assets.
"Many banks are just simply dealing with their problems," he said. "You've got to segregate the value of the bank with how they're going to get out of their existing problems."
Prominent Russian bankers, central bank officials and analysts have repeatedly said the country's 1,100-plus banking industry's consolidation is inevitable and that hundreds of small banks cannot withstand rising bad loans and funding shortages.
"It's very difficult to put valuations together because, honestly, until it's a little clearer how you're going to work through some of these issues it's not business as usual," Lawson said. "Valuations require clear line of sight to cash flows."
Asked what the optimum number of banks for the economy would be, he replied: "It isn't the current number.
"Informed sources and commentators have, for many years, commented on the fact we haven't got the right number of banks. Where you draw the line and, more importantly, how you draw the line, are very much more complicated questions," he said.
"It should be dealt with, because it's just hanging there. My understanding is that the central bank does have this on its radar."
LESS RISK FOR RETAIL BANKS
A recent rebound in energy prices has granted oil-rich Russia a cash injection. With a population of 142 million, the country is again a potentially attractive market for retail banks.
Unlike the corporate lending segment, where painful debt restructurings have been mushrooming since the global economic crisis hit Russia last autumn, retail customers were disciplined in their approach to borrowing, Lawson said.
"We're going to see, as this crisis recedes, that the Russian consumer has actually been very good in terms of managing their debt and that we'll see default rates lower than in the West," he said.
(With additional reporting by Melissa Akin; Editing by Greg Mahlich)
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| | Russia lifts controls on currency
Russia is lifting controls on its currency, the rouble, making it fully convertible. The move allows Russians to open foreign bank accounts and will ease restrictions on foreign investors. Russia's Finance Minister Alexei Kudrin said on Friday he expected the move to bring tens of billions of dollars of foreign investment.
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| | Moscow Named World's Most Expensive City
"Skyrocketing real estate prices have made Moscow the most expensive place on earth for expatriates to live -- not to mention drink coffee -- according to an annual survey by U.S.-based Mercer Human Resource Consulting.
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| | Papa John's sees India as a growth market
NEW DELHI (Reuters) - Papa John's International, Inc., a U.S.-based pizza delivery chai one of six priority markets from where most of its growth will come as new markets disco of deep pan dinners.
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| | Getting Rich in Russia
"There are no oil wells
in Kaluga, no gold mines, no rich mineral deposits. In fact, until
recently there was very little in this town (pop. 345,000) other than
some run-down farms, a distillery that produces mediocre vodka, a big
statue of a Soviet rocketscience pioneer and a war-era T-34 tank
monument that still bears the inscription FOR STALIN ANDTHE MOTHERLAND."
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| | Burger King Expansion in Russia
"Burger King Holdings, a U.S. fastfood chain, is in talks with Russian
restaurants with an eye to expanding into the country, a respected
business daily said Wednesday."
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| | McDonald’s to Invest $50 Million
“Fast-food giant McDonald’s plans to invest more than $50
million in expanding and upgrading its operations in Russia this year.”
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